Daniel Dines, CEO of UiPath, Inc. (NYSE: PATH), sold 45,000 shares of the company’s stock on December 10, 2023, in a transaction valued at $837,450. The shares were sold at an average price of $18.61 each, following which Dines retains ownership of 29,063,585 shares, estimated to be worth approximately $540.87 million. This sale represents a slight decrease of 0.15% in his total stock ownership.
The details of this transaction were disclosed in a filing with the Securities and Exchange Commission, which is publicly accessible. Dines had also engaged in other stock trades recently, highlighting ongoing fluctuations in his portfolio.
UiPath’s Current Market Performance
As of Friday, UiPath stock opened at $17.42. The company currently holds a market capitalization of $9.25 billion, with a price-to-earnings (P/E) ratio of 41.46 and a price-to-earnings-growth (PEG) ratio of 5.37. The stock’s fifty-day moving average price is $15.48, while its two-hundred-day moving average stands at $13.28. Over the past year, shares of UiPath have experienced a low of $9.38 and a high of $19.84.
Institutional investors have also made adjustments to their holdings in UiPath. For instance, Twin Peaks Wealth Advisors LLC initiated a new position in the second quarter, valued at around $28,000. Similarly, AdvisorNet Financial Inc. increased its stake by 320.4%, now owning 2,476 shares worth $32,000 after adding 1,887 shares during the same period. Other institutional changes include GAMMA Investing LLC, which raised its holdings by 48.0%, and IFP Advisors Inc., which boosted its position by 508.0%.
Analyst Insights and Stock Ratings
UiPath has been under the spotlight of several analysts recently. BMO Capital Markets raised its price target for the stock from $13.00 to $17.00, assigning a “market perform” rating. Wells Fargo & Company also increased its target from $12.00 to $14.00 with an “equal weight” rating. In contrast, Zacks Research downgraded the stock from a “strong buy” to a “hold” rating.
Overall, one investment analyst has rated the stock a Buy, fifteen have assigned it a Hold rating, and one has issued a Sell rating. According to data aggregated by MarketBeat.com, the consensus rating for UiPath is “Hold,” with an average target price of $16.00.
UiPath Inc. specializes in providing an end-to-end automation platform, delivering a variety of robotic process automation (RPA) solutions primarily in regions such as the United States, Romania, the United Kingdom, and the Netherlands. The company’s software suite is designed to facilitate the building, management, and governance of automation within organizations.
As UiPath continues to adapt to market dynamics, investor interest and analyst opinions will play a crucial role in shaping its future trajectory.
